As reported by multiple media sources, including Front Office Sports, the World Champion Boston Celtics are now up for sale.
Celtics majority owner Wyc Grousbeck and his partners have officially put the defending NBA champions up for sale, just two weeks after the team won a league-leading 18th title. Grousbeck previously gave no indications such a move would be coming, saying at the team’s June 21 championship parade that “it feels like we’ve got more to do.”
Read the complete story HERE
But the massive turn in events—said by the owners to be for “estate and family planning considerations”— sets up several other major events yet to unfold:
- The Celtics deal will almost certainly set an NBA record for a team sale.
- The transition period could be tricky.
- Both the current Celtics ownership group and the next one are facing big luxury tax bills.
- There will be relatively few fully attached assets in this deal.
- It’s a big change for a very stable and successful group of Boston pro team owners.
Read the complete story HERE
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Author: David Keech
David Keech is a retired teacher and works as a sportswriter, sports official and as an educational consultant. He has reported on amateur sports since 2011, known as 'KeechDaVoice.' David can be reached at [email protected]
